Form 4: PBF Energy Director Kimberly Lubel Reports Stock Transactions
SEC Form 4 Filing
Director Kimberly Lubel reports acquisition of restricted stock and disposition of shares to cover tax obligations.
Summary
- On April 30, 2024, Kimberly Lubel, a director of PBF Energy Inc., acquired 3,286 shares of Class A Common Stock at $0.00 per share as restricted stock under the Amended and Restated 2017 Equity Incentive Plan.
- On the same day, Lubel disposed of 723 shares of Class A Common Stock at $53.27 per share to cover tax obligations.
- Following these transactions, Lubel beneficially owns 39,976 shares of PBF Energy Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to equity compensation and tax obligations.
Positives
- The acquisition of restricted stock indicates continued alignment of the director's interests with the company's long-term performance.
Negatives
- The disposition of shares to cover tax obligations reduces the director's holdings, although this is a common practice.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are closely monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of stock acquisition and disposition. |
| 05/02/2024 | Date of signature on the Form 4 filing. |
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